HomeNewsIndia'We would have offered more than the IMF if...' Rajnath Singh takes a jab at Pakistan

'We would have offered more than the IMF if...' Rajnath Singh takes a jab at Pakistan

Currently facing one of its worst economic crises, Pakistan recently secured a new $7 billion loan from the IMF as part of a bailout program. The country, now the IMF's fifth-largest debtor, has received 22 bailout packages since 1958 and owes $6.28 billion to the Fund.

September 30, 2024 / 08:58 IST
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Singh didn't shy away from criticising Islamabad, asserting, "Pakistan seeks money from other countries to run a terrorist factory on its soil."
Singh didn't shy away from criticising Islamabad, asserting, "Pakistan seeks money from other countries to run a terrorist factory on its soil."

In a passionate address at an election rally in Gurez, Bandipore, on September 29, Defence Minister Rajnath Singh shared his thoughts on India-Pakistan relations, stating that India could have offered Pakistan more financial support than what they sought from the International Monetary Fund (IMF) if ties had been better.

Currently facing one of its worst economic crises, Pakistan recently secured a new $7 billion loan from the IMF as part of a bailout program. The country, now the IMF's fifth-largest debtor, has received 22 bailout packages since 1958 and owes $6.28 billion to the Fund.

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"Modi Ji had announced a special PM package for development here [in Jammu and Kashmir] in 2014-15. That PM package has now increased and it is so much money, that Pakistan was requesting from the IMF for a fund lesser than this," Singh remarked, emphasizing the significant financial commitment made by the Indian government.

Highlighting the Prime Minister's Development Package (PMDP) initiated by PM Modi in 2015, Singh also referenced former Prime Minister Atal Bihari Vajpayee’s wisdom: "You can change friends but not neighbours." He reiterated, "If there had been a better relationship, we would have given more money to Pakistan than what they asked from the International Monetary Fund (IMF)."